World Bank

Amid worsening economic crisis, Pakistan’s debt surges by PKR 4,304 billion

Amid escalating economic crisis, Pakistan's debt surged by Pakistani Rupees (PKR) 4,304 billion in the first eight months of the…

2 days ago

India provided financial support to its neighbours much before IMF: Nirmala Sitharaman

Union Finance Minister Nirmala Sitharaman has said that India provided financial support to its neighbours in times of distress with…

2 months ago

India to make a Green National Highway project of 781 Kms in collaboration with World Bank

The Government of India and the World Bank have entered into an agreement for the construction of the Green National…

5 months ago

World Bank raises GDP projection, says India to keep its fastest-growing economy tag

The World Bank has upwardly revised India's GDP growth forecast for the current financial year 2024-25 by 20 basis points…

6 months ago

India to emerge as an economic superpower amid impending global economic landscape

While risk of global recession has receded but concerns of inflation is impending which re-ignites the risks of global financial…

7 months ago

Over 10 million Pakistanis may fall below poverty line: World Bank

The World Bank has cautioned that over 10 million Pakistanis may fall below the poverty line, mainly due to a…

9 months ago

World Bank pegs India’s growth rate at 6.3% for 23-24

The World Bank has pegged India’s growth rate at 6.3 per cent for 2023-24 notwithstanding the global headwinds. Even as…

1 year ago

Will World Bank’s Ajay Banga set the tone for a go-green global financial architecture?

With the World Bank now kicking off the much needed reform agenda, other multilateral agencies could start the process as…

1 year ago

Biden will call for ‘reshaping’ World Bank, IMF at G20

US President Joe Biden will focus on "fundamentally reshaping and scaling up the multilateral development banks" during his upcoming visit…

1 year ago

World Bank ranks Navi Mumbai’s Jawaharlal Nehru Port above Singapore, Germany seaports

Jawaharlal Nehru Port Authority (JNPA), India’s premier port, has been ranked above sea ports in advanced countries such as Singapore…

2 years ago

India-born Ajay Banga elected World Bank President

India-born Ajay Banga has been elected as the World Bank's next president for a term of five years. A 25-member…

2 years ago

PM Modi calls for a global mass movement on Climate change, lifestyle changes must

Bringing India's viewpoints on 'How Behavioural Change can Tackle Climate Change' to the fore, Prime Minister Narendra Modi on Friday…

2 years ago

Is Nirmala becoming the flag-bearer of Modi’s global brand of women empowerment?

India as the chair of the G20 nations is determined to make a difference in the field of gender equality…

2 years ago

Indian is still among world’s fastest growing economies, says World Bank

Notwithstanding the external risks, India’s growth continues to be resilient, the World Bank in its latest India Development Update has…

2 years ago

East Asia and Pacific regional growth to accelerate to 5.1% in 2023 as China rebounds

Growth in developing East Asia and the Pacific is forecast to accelerate in 2023 as China's economy reopens, while the…

2 years ago

Biden nominates Ajay Banga as World Bank chief to replace Malpass

U.S. President Joe Biden nominated India-born Ajay Banga for the post of World Bank chief to replace David Malpass who…

2 years ago

World Bank lauds progress in high-impact projects in J&K

The World Bank has granted final extension to the much-delayed Rs 1500 crore Jhelum-Tawi Flood Recovery Project (JTFRP) which had…

2 years ago

China’s growth projections sink further amid Covid surge

China’s economy is going through one of its most uncertain phases amid a surge in Covid cases. On one hand…

2 years ago

World Bank pegs India’s growth rate at 6.9%, up from the earlier 6.5%

The World Bank has revised India's 2022-23 GDP growth forecast upward to 6.9 per cent from the earlier estimate of…

2 years ago

India tops in global remittances with workers abroad sending home record $100 billion

India is set to top in remittance inflows again with the country’s migrant workers expected to send home a record…

2 years ago

World Bank praises India’s pro-poor digital cash tranfers during Covid , says initiative was ‘remarkable’

World Bank president David Malpass has said that India's support in the form of targeted transfer to the poor and…

2 years ago